Calamos Advisors LLC Raises Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Calamos Advisors LLC raised its holdings in Cushman & Wakefield plc (NYSE:CWK) by 533.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 281,985 shares of the company’s stock after acquiring an additional 237,441 shares during the period. Calamos Advisors LLC’s holdings in Cushman & Wakefield were worth $3,688,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after buying an additional 395,652 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Cushman & Wakefield in the third quarter valued at approximately $4,942,000. State Street Corp boosted its position in Cushman & Wakefield by 9.8% in the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after purchasing an additional 756,966 shares in the last quarter. Walleye Capital LLC purchased a new stake in Cushman & Wakefield in the 3rd quarter worth approximately $150,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Cushman & Wakefield by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock worth $54,187,000 after purchasing an additional 301,186 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CWK shares. JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. The Goldman Sachs Group started coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They issued a “sell” rating and a $15.00 price objective for the company. Finally, Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their target price for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.50.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $13.42 on Wednesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $3.08 billion, a PE ratio of 36.28 and a beta of 1.34. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The company has a fifty day moving average of $13.71 and a two-hundred day moving average of $13.41.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts forecast that Cushman & Wakefield plc will post 0.91 earnings per share for the current fiscal year.

Cushman & Wakefield Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.